Hard to put a value on this dazzling opportunity:
Sex-Pot
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Year: 2009
More BR Action
We've been following the BR/Model Homes Partners debacle for years now. In 2005, a group of lawyers from Orange County had purchased 11 model homes in Bressi Ranch and leased them back to the builder Lennar, waiting to make the big kill by selling them once the tract...
REO Pricing More Effective
Two thoughts worth exploring: 1. Is there any evidence of the foreclosure flood hitting the MLS yet? 2. How are regular sellers faring, compared to REO listings? Currently the new REO listings are about 20% of the total new listings coming on the MLS. Last month...
FHA Discrimination
Listing agents are getting increasingly more cocky about how they conduct their business. They can't justify the refusal of FHA offers, but they do it anyway. In the end, while they feel quite righteous about it, they are actually damaging the seller. A story written...
Check on Local Economy
from sddt.com Legoland California has submitted plans to the city of Carlsbad for a water park with rides, outdoor dining and shops on a 7.3-acre portion of its 350-acre property. Legoland officials declined comment on the plans but Van Lynch, a Carlsbad senior...
Fast and Furious!
The lower-end of each micro-market throughout San Diego County has been red hot lately. Virtually every decent house under $400,000 is being deluged with buyers, probably in hopes of cashing in on the $8,000 tax credit before the end of November. Our flipper's luck...
RSF Summer Stats
(Covenant in orange on map, click twice) Smithers wanted to know more about the whopping 25 detached closings in RSF over the summer. There was a late-reported #26, but upon further examination one of the 25 was in Cielo, but an Escondido zip and school district, so...
Biz-Opp
An impassioned plea to the good-looking and powerful employees at BofA in charge of assigning the REOs - can you please send me an occasional coastal McMansion please?
Summer Wrap-Up
There will be some late-reporting, but the sales already look decent compared to last year - 13 out of 23 areas had an increase in detached sales, and all but one zip had prices decline - which we agree is a good thing too. If there were more REOs to sell, the numbers...
JtR Story, Part 3
More ancient history on your host, and some of the reasons why I feel comfortable in La Jolla - it's where we lived and worked in the late 1980s. The JtR Story, Part 3:
